Syncfab’s Smart MFG Token Public PreSale raises over $1 Million

SyncFab Co the business-to-business procurement and supply chain management platform for precision parts production, has sold over $1 million in its public Pre-Sale (“PreSale”) of the ERC20 Ethereum MFG utility tokens in partnership with Smart MFG Tech Ltd. The PreSale, which includes a limited-time 25% bonus for purchasers, started on January 1, 2018.

With no minimum required purchase, the token PreSale of the industrial revolutionary supply chain management platform is the first-of-its-kind to the general public. Previously, SyncFab offered a private PreSale for qualified hardware innovators and manufacturing industry participants and supporters.

Founder and CEO of SyncFab, Jeremy Goodwin, commented, “Industrial manufacturing is the next frontier for disruptive technologies to ignite growth and overcome industry shortcomings. The overwhelmingly positive response to our PreSale validates the eagerness for working class manufacturers to embrace our blockchain solutions. We look forward to broadening our offering, boosting utilization rates in small independent machine shops, and enhancing cost savings for large industrial buyers.”

Upon initiation, procurement teams in manufacturing companies will be able to utilize the tokens to not only incentivize Request For Quotation (RFQ) during their precision parts procurement process with a growing network of CNC machine shops, but also enable data collection and smart contract execution following subsequent development. After four years of development online and on the ground, the PreSale marks a significant milestone for SyncFab’s secure platform, which will broker many procurement transactions in a faster and more secure procedure online.

*SyncFab reserves all right to end any sales when allocation is exhausted or when it deems appropriate. Buyers should read whitepaper and token sale terms and conditions before making purchases.

About SyncFab

Founded in 2013 and now headquartered in Silicon Valley, SyncFab is an active provider of best-in-class low-cost precision parts production solutions to supply chain buyers and domestic manufacturers. The company is revolutionizing the manufacturing industry with blockchain to incentivize the blue collar working class for time they’re currently not compensated for while improving responsiveness for small and medium-sized hardware buyers. The platform matches industrial parts purchasers with a growing network of machine shops and advanced manufacturing facilities mapped by who is local and who is clean – an ISO 50001 US DOE certification for efficient energy management. SyncFab’s state-of-the-art B2B ecosystem enables sustainable local advanced manufacturing economy by allowing buyers to procure, manage, and track parts production online. The ecosystem makes local production more desirable and profitable and makes procurement bidding processes more transparent through the power of the Internet, blockchain, and online payment. SyncFab collaborates with federal and municipal government initiatives in public-private partnerships to advance civic innovation and economic development. For more information on SyncFab, please visit https://syncfab.com; for information on the Token Sale, please visit https://blockchain.syncfab.com.